Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Declines By 12.7%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 9,600 shares, a drop of 12.7% from the December 31st total of 11,000 shares. Based on an average daily volume of 11,300 shares, the short-interest ratio is presently 0.8 days.

Midland States Bancorp Stock Performance

Shares of NASDAQ:MSBIP traded up $0.05 during mid-day trading on Friday, reaching $24.20. 9,589 shares of the company were exchanged, compared to its average volume of 21,079. The firm’s 50-day simple moving average is $25.01 and its 200 day simple moving average is $25.04. Midland States Bancorp has a 1 year low of $23.41 and a 1 year high of $25.77.

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.4844 per share. The ex-dividend date was Monday, December 16th. This represents a $1.94 annualized dividend and a dividend yield of 8.01%.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.